This thread is for my three favorite carry pairs (liquid pairs not exotics).
-When yen based risk is on, I look for carry trades via the Aussie/Yen (long)
-When dollar based risk is off, I look for carry trades via the Euro/Aussie (short)
-When dollar based risk is on, I look for carry trades via the Aussie/Dollar (long)
1)This thread is not limited to carry setups only. Please post any setups you see, long or short, on any of these 3 pairs. Also, not limited to medium term or long term trading. Day trading and scalping analysis and/or trade calls are fine.
2) Most of my intraday trades are taken on AUDJPY
3) I like AUDJPY the most because it seems to have the most consistent price action characteristics.
Rules
1) anything goes on the weekend
2) during week only charts and relevant information/news
3) dont be a jackass
I look forward to seeing what you all come up with.
May 17 2013
Right now I am most focused on how June will play out in AUDJPY. I am preparing for a big short. When yen pairs finally pull back, AUDJPY will likely see the most retrace (because Aussie is most overvalued). Then this up move will finally have some efficiency and if we want to break the highs (because of yen inflation, even despite aussie inflation) of 107.50 or so, it will be much easier to do after a 1000 or so pip retrace...
Here is a speculative chart for AUDJPY.
-When yen based risk is on, I look for carry trades via the Aussie/Yen (long)
-When dollar based risk is off, I look for carry trades via the Euro/Aussie (short)
-When dollar based risk is on, I look for carry trades via the Aussie/Dollar (long)
1)This thread is not limited to carry setups only. Please post any setups you see, long or short, on any of these 3 pairs. Also, not limited to medium term or long term trading. Day trading and scalping analysis and/or trade calls are fine.
2) Most of my intraday trades are taken on AUDJPY
3) I like AUDJPY the most because it seems to have the most consistent price action characteristics.
Rules
1) anything goes on the weekend
2) during week only charts and relevant information/news
3) dont be a jackass
I look forward to seeing what you all come up with.
May 17 2013
Right now I am most focused on how June will play out in AUDJPY. I am preparing for a big short. When yen pairs finally pull back, AUDJPY will likely see the most retrace (because Aussie is most overvalued). Then this up move will finally have some efficiency and if we want to break the highs (because of yen inflation, even despite aussie inflation) of 107.50 or so, it will be much easier to do after a 1000 or so pip retrace...
Here is a speculative chart for AUDJPY.
Be hopeful in a winning position, and fearful in a losing position.